BA 302 -01W & 03W

BUSINESS AND ECONOMIC STATISTICS (Spring 2013) Online

PowerPoint Slides Solved Problems

Course Syllabus for BA 302

Regents
E. J. Manton E-Mail: edgar.manton@tamuc.edu
Professor:

Office Hours: M 9:00 am - 12 noon

Office 1:00 pm - 2:00 pm

Hours:
TR 9:00 am - 9:30 am
Office: BA 327
T 5:45 pm - 6:15 pm (Rockwall)

R 1:00 pm – 2:00 pm

903.886.5684 (Office)
Phone: 903.886.5693 (Fax)

Required Text:
D. A. Lind/W. G. Marchal/S. A. Wathen, Statistical Techniques in Business & Economics – McGraw Hill Irwin, 15th edition ISBN-13: 978-
0-07-340180-5

Course Description:
A course dealing with statistical concepts including measures of central tendency and dispersion, probability distributions, the Central Limit
Theorem, sampling, estimation, hypothesis testing, correlation and regression analysis.

Course Prerequisites:
Math 141, 175 or equivalent.

Course Objectives: Student Learning Outcomes

The objective of this course is to provide an understanding for the undergraduate business student on statistical concepts to include
measurements of location and dispersion, probability, probability distributions, sampling, estimation, hypothesis testing, regression, and
correlation analysis, multiple regression and business/economic forecasting. By completing this course the student will learn to perform the
following:

1) How to calculate and apply measures of location and measures of dispersion.

2) How to apply discrete and continuous probability distributions to various business problems.

3) To understand the meaning of a null and an alternative hypothesis as well as the meaning of Type I and Type II error. Further,
to perform test of hypothesis as well as calculate confidence interval for a population parameter for a single mean, including
use of the T and the Z test.

4) Compute and interpret the results of Bivariate Regression and Correlation Analysis.

5) Be able to interpret regression results generated by a computer software.

Rubric

Criteria (Course Objectives) 1 (Unsatisfactory) 2 (Emerging) 3 (Proficient) 4(Exemplary)

1. How to calculate and apply measures of location and Student cannot Student can Student can Student can
measures of dispersion. calculate and apply calculate and calculate and calculate and
any measures of apply some of apply most of apply all of the
location and measures the measures of the measures measures of
of dispersion. location and of location and location and
measures of measures of measures of
dispersion. dispersion. dispersion.

2. How to apply discrete and continuous probability Student cannot apply Student can Student can Student can
distributions to various business problems. discrete and apply of discrete apply of apply discrete
continuous and continuous discrete and and continuous
probability probability continuous probability
distributions to any distributions to probability distributions to
problems. some problems. distributions to all the
most of the problems.
problems.

3. Understand the Hypothesis Testing:

3.1Understand the meaning of a null and an alternative 3.1 Student doesn’t 3.1 Student 3.1 Student 3.1 Student
hypothesis understand the understands the understands understands
meaning of a null and meaning of a the meaning of the meaning of
an alternative null and an a null and an a null and an
hypothesis alternative alternative alternative
hypothesis hypothesis hypothesis
or or and

3.2 Student 3.2 Student 3.2 Student

3.2 Understand the meaning of type I and type II error. 3.2 Student doesn’t understands the understands understands
understand the meaning of type the meaning of the meaning of
meaning of type I and I and type II type I and type type I and type
type II error. error. II error. II error. and

3.3 Student cannot 3.3 Student is

3.3 Be able to perform test of hypothesis
perform test of 3.3 Student is 3.3 Student is able to
hypothesis able to perform able to perform some
some test of perform some test of
hypothesis test of hypothesis
or hypothesis and
or

3.4 Student is 3.4 Student is

3.4 Student cannot able to calculate 3.4 Student is able to
3.4 Be able to calculate confidence interval for a calculate confidence confidence able to calculate
population parameter for a single mean, including interval for a interval for a calculate confidence
use of the t and the z test. population parameter population confidence interval for a
for a single mean, parameter for a interval for a population
including use of the t single mean, population parameter for
and the z test including use of parameter for a single mean,
the t and the z a single mean, including use
test including use of the t and the
(2 out of 4) of the t and the z test
z test
(3 out of 4)

4. Compute and interpret the results of Bivariate Student cannot Student can Student can Student can
Regression and Correlation Analysis. compute and interpret compute and compute and compute and
the results of interpret some interpret most interpret all of
Bivariate Regression of the results of of the results the results of
and Correlation Bivariate of Bivariate Bivariate
Analysis. Regression and Regression Regression
Correlation and and
Analysis. Correlation Correlation
Analysis. Analysis.
 5. Be able to interpret regression results
generated by computer software.

Student cannot Student can Student can Student can

interpret regression fairly interpret interpret interpret
results generated by a regression regression regression
computer software results results results
generated by a generated by a generated by a
computer computer computer
software software well software
excellently

Statement of Ethical and Professional Conduct:

The College of Business and Entrepreneurship at Texas A&M University – Commerce faculty, staff and students will
follow the highest level of ethical and professional behavior. We will strive to be recognized as a community with
legal, ethical and moral principles and to teach and practice professionalism in all that we do.

In an academic environment we will endeavor to not only teach these values but also to live them in our lives and daily
work. Faculty and staff will be held to the same standards and expectations as our students.

Failure to abide by these principles will result in sanctions up to and including dismissal.

Actionable Conduct:

These are five different types of actions that will bring sanction. They are:

1. Illegal activity: Violation of any local, state or federal laws that prohibit the offender from performance of his
or her duty.

2. Dishonest conduct: Seeking or obtaining unfair advantage by stealing or receiving copies of tests or
intentionally preventing others from completing their work. In addition falsifying of records to enter or
complete a program will also be considered dishonest conduct.

3. Cheating: The authorized use of another’s work and reporting it as your own.

4. Plagiarism: Using someone else’s ideas and not giving proper credit.

5. Collusion: Acting with others to perpetrate any of the above actions regardless of personal gain.

Sanctions:

In the case of staff or faculty the immediate supervisor will be the arbiter of actionable behavior and will use Texas
A&M University - Commerce and/or Texas A&M University System Policy and Procedures as appropriate to guide
sanctions.

Faculty, guided by clearly delineated policy in the course syllabus, will be arbiter for in-class violations. All violations
will be reported to the dean of the college of Business and technology to assure equity and to provide appropriate
counsel. In addition, the Dean will maintain the records of violations by students. Second violations will be reviewed
by the Dean and sanctions beyond those of the faculty up to and including suspension and permanent expulsion from
Texas A&M University – Commerce will be considered. Faculty and students are guided by the current undergraduate
and graduate catalogs of the university as well as The Students Guidebook.

Faculty, Staff and Students will always be afforded due process and review as appropriate.

Students with Disabilities:

The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil
rights protection for persons with disabilities. Among other things, this legislation requires that all students with
disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If
you have a disability requiring an accommodation, please contact:

Office of Student Disability Resources and Services

Texas A&M University-Commerce
Gee Library, Room 132
Phone (903) 886-5150 or (903) 886-5835
Fax (903) 468-8148
StudentDisabilityServices@tamu-commerce.edu
Grading Policy:

Evaluation of student performance will be based primarily upon four equally weighted exams. They will each count
21%for 84% of the course grade. There is no comprehensive final exam. Selected Homework Problems will count
16% of the grade. Grades for the course will be determined by achieving the following average ranges:

Average
Grade
Range
90-100 A
80-89 B
70-79 C
60-69 D
Below 60 F

NOTE THE FOLLOWING:

1. The assignments listed are tentative for the semester. It is meant to be a guide. Certain topics may be stressed
more or less than indicated in the text and, depending on class progress, certain topics may be omitted.
2. Homework: Homework problems are IDENTIFIED, but will not be collected or graded. The solution to most
of these homework problems can be found at the "solved problems" link. These are intended for you to try and
practice on your own. You need to do this. Additional SELECTED HOMEWORK PROBLEMS (see
below) are assigned to be turned in approximately each week. Early submissions would be appreciated and
when time permits resubmission will be acceptable. The solutions to these problems will be provided by the
following Monday. Only doing the 2 or 3 Selected Homework Problems to hand in for each chapter probably
will not be enough to succeed in the course. You must attempt to work and study
the IDENTIFIED PROBLEMS as well for practice. There will be similar problems on the four exams.
3. Missed examination: A missed examination may be made-up during the week of final exams. This make-up
exam will be comprehensive.
4. Students are expected to:
a. Complete and submit the Orientation Quiz by Friday, Jan 18, 2013.
b. Read text assignments as scheduled.
c. Read the chapter lectures.
d. Review text power point presentation on assigned text material.
e. Work the IDENTIFIED HOMEWORK PROBLEMS independently (Note: solutions may be found
on course website).
f. Turn in SELECTED HOMEWORK PROBLEMS due as indicated.
g. Read the weekly (approximately) email messages with additional comments on subject matter.
5. Exams: All Exams will be conducted on Thursday or Friday evenings between 7pm and 9:30pm Central time.
Students will be assigned to groups as requested for the specified exam. Students will sign on the designated
chapter and click on the exam link. A password will be provided and the time to complete the exams will be
strictly observed.
6. Students should read chapters, do as many of the IDENTIFIED HOMEWORK PROBLEMS as possible and
be familiar with the chapter summaries and the end of chapter self-examinations.
Class Schedule:

The schedule will depend on class progress. Chapter assignments and tests may be altered as the class progresses.

Text
Topic Exam Dates
Assignment
Chapter 1 What is Statistics?
Describing Data- Frequency
Chapter 2
Distribution and Graphic Presentation
Describing Data-Measures of Central
Chapter 3
Tendency
Chapter 4 Other Descriptive Measures Exam 1 Feb 7 or 8
Chapter 5 A Survey of Probability Concepts
Chapter 6 Discrete Probability Distributions
Chapter 7 The Normal Probability Distribution
Sampling Methods and the Central
Chapter 8 Exam 2 Feb 28 or Mar 1
Limit Theorem
Chapter 9 Estimation and Confidence Intervals
Chapter 10 One-Sample Tests of Hypothesis
Chapter 11 Two-Sample Tests of Hypothesis Exam 3 Apr 4 or 5
Chapter 13 Linear Regression and Correlation
Multiple Regression and Correlation
Chapter 14 Exam 4 May 9 or 10
Analysis

IDENTIFIED HOMEWORK PROBLEMS ASSIGNMENTS (To study and solve on your own- Solutions
available in solved problems):

Chapter 1: 1, 5, 6, 7, 8, 9

Chapter 2:12, 18, 22

Chapter 3: 3, 10, 14, 18, 20, 37, 41, 46, 47, 49, 53, 54, 59, 60, 65

Chapter 4: 5, 10, 11, 13, 19, 20, 22, 24, 25, 26

Chapter 5: 1, 3, 4, 8, 11, 12, 14, 17, 18, 20, 27, 28, 29, 41, 42, 43, 44, 45, 66, 67, 78

Chapter 6: 1, 2, 5, 7, 9, 13, 15, 19, 20, 21, 22, 23, 31, 32, 33, 34, 35, 46, 60, 61

Chapter 7: 4, 9, 11, 13, 17, 18, 20, 21, 23, 24, 26, 29, 30, 31, 32, 41

Chapter 8: 6, 15, 16, 17, 18, 34, 35

Chapter 9: 1, 2, 3, 4, 5, 7, 9, 11, 12, 13, 15, 16, 17, 18, 19, 20, 23, 27, 29, 31, 43, 44, 46, 48, 50

Chapter 10: 1, 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 18, 19, 20, 21, 22, 23, 25, 32, 36, 35, 52, 54

Chapter 11: 3, 4, 5, 6, 8, 11, 12, 14, 15, 16, 19, 25, 28, 33 , Additional problems 1, 2

Chapter 13: 1, 2, 5, 7, 8, 13, 14, 15, 16, 19, 21, 22, 27, 28

Chapter 14: 1, 2, 3, 4
SELECTED HOME WORK PROBLEMS TO BE TURNED IN-

 The schedule will depend on class progress. Chapter assignments and tests may be altered as the class
progresses. Students should read chapters, do as many of the identified homework problems as possible and be
familiar with the chapter summaries and the end of chapter self-examinations. The assigned SELECTED
HOMEWORK PROBLEMS are due on the Saturdays as indicated at midnight.

Selected
Problem
Chapter Selected Problem(s) Grade Due Date
Percentage
Chapter 1 Orientation Quiz Friday Jan 18

Chapter 2 #17 page 41, #21 page 45 (Note: hand sketches 1 % Jan 21
are acceptable for histogram, frequency polygon,
etc.)

Chapter 3 #62 page 92, #80 page 97 (Note: additional 1% Jan 24

problems will be assigned for these problems for
Chapter 4),

#9 page 110, #14 page 116, also calculate 1% Feb 2

Chapter 4 the Coefficient of Variation for problem #3-
62 and the Pearson Coefficient of Skewness
for problem #3-80 from chapter #3.

1% Feb 16
Chapter 5 #50 page 178, #62 page 179, #66 page 180

#5 Page 194, #24 Page 204, solve using the 1% Feb 23

binomial formula and also using the binomial
Chapter 6 tables. Also calculate the mean, variance and
standard deviation for this distribution, #34 Page
212, also calculate the probability that there will
be fewer than two autos arrive in a
minute, P(X<2).

#19 page 239,also calculate the percentage of 2% March 2

Chapter 7 returns which are less than $3000, #21 page
239, #26 page 237

Chapter 8 #34 page 293, #42 page 294 1% March 23

Chapter 9 #8 page 306, #40 page 324, #63 page 318 1% March 30

Chapter 10 #32 page 364, #46 page 366, #54 page 360 2% April 6

Chapter 11 #6 page 378, #16 page 387, #12 page 382 1% April 20

Problem 13-4 page 471. In addition to solving

for r and r squared, test the model for statistical
significance, and interpreting. Find the 2% April 27
Chapter 13 regression equation, and Syx and solve by excel.
(Hand Sketch of the scatter diagram is
acceptable).See chapter sidebar for further
instructions on this assignment.

Chapter 14 Solve the assigned problems using excel 2% May 4

solutions only. See chapter sidebar for further
instructions on this assignment.